IDEX Biometrics and Toppan Gravity launching biometric smart cards in the Middle East, Africa, and Latin America
December 05 2023 - 2:00AM
Oslo, Norway, and Dubai, UAE 05 December 2023 –
IDEX Biometrics and Toppan Gravity, a wholly-owned subsidiary of
the Toppan Group and a leading solutions provider in the secure
payment and identity industries, are introducing biometric cards
equipped with the advanced IDEX Pay fingerprint authentication
payment solution.
Toppan Gravity and IDEX Biometrics are responding to the growing
demand for trusted and user-friendly payment solutions. Securing an
annual production surpassing 30 million payment cards, Toppan
Gravity serves over 500 banks, governments, and corporations
worldwide. Biometric smart cards will enhance Toppan Gravity's
banking and identity offerings, bringing biometric smart cards to
the Middle East, Africa, and Latin America. An initial order for
IDEX Pay has been placed, with the cards anticipated to reach the
market by the first quarter of 2024.
"We are committed to meeting the growing global demand for
biometric payment cards. By harnessing the power of the IDEX
Biometrics state-of-the-art technology platform, we are poised to
redefine payment convenience," says Michael Hraschan, Head of
Payments at Toppan Gravity. “This partnership marks an exciting
chapter as we collaborate to advance secure payments and digital
authentication, reinforcing our commitment to driving innovation in
the ever-evolving landscape of financial technology.”
“Toppan Gravity with its strong offering across products and
solutions for government agencies, financial institutions, telecom
operators, and retailers is well positioned to accelerate the
expansion of biometric smart cards,” says Catharina Eklof, Chief
Commercial Officer at IDEX Biometrics. “We are excited to
collaborate with Toppan Gravity, empowering markets worldwide with
secure payments and digital authentication.”
For further information contact:
Marianne Bøe, Head of Investor Relations
E-mail: marianne.boe@idexbiometrics.com
Tel: + 47 918 00186
About IDEX Biometrics IDEX Biometrics ASA (OSE:
IDEX) is a global technology leader in fingerprint biometrics,
offering authentication solutions across payments, access control,
and digital identity. Our solutions bring convenience, security,
peace of mind and seamless user experiences to the world. Built on
patented and proprietary sensor technologies, integrated circuit
designs, and software, our biometric solutions target card-based
applications for payments and digital authentication. As an
industry-enabler we partner with leading card manufacturers and
technology companies to bring our solutions to market.
For more information, visit www.idexbiometrics.com.
About The Toppan Group
Established in Tokyo in 1900, the TOPPAN Group is a leading and
diversified global provider committed to delivering sustainable,
integrated solutions in fields including printing, communications,
security, packaging, décor materials, electronics, and digital
transformation. The TOPPAN Group’s global team of more than 50,000
employees offers optimal solutions enabled by industry-leading
expertise and technologies to address the diverse challenges of
every business sector and society and contribute to the achievement
of shared sustainability goals.
For more information, visit www.holdings.toppan.com/en/ or
contact www.linkedin.com/company/toppan/
About Toppan Gravity
Toppan Gravity is a subsidiary of Toppan Leefung, serving as the
international development arm of the TOPPAN Group in the security
domain. Being part of the most prestigious conglomerate in the
industry with decades of experience and multiple well-known
references, Toppan Gravity benefits from the TOPPAN Group’s strong
market position and extensive expertise.
As a global solutions provider primarily focused on the payment
and Identity industries, Toppan Gravity aims to develop the next
generation of virtual and physical security documents. With the
vision of becoming the forerunner in the secure ID and payment
industry, the company focuses on driving synergies within the
TOPPAN Group, through strategic acquisitions. Toppan Gravity
empowers promising companies having state-of-the-art technology or
businesses in emerging markets, including Asia, Africa, and Latin
America to enhance their overall performance. Furthermore, the
company enables its acquisitions to take advantage of the
opportunities presented by its large, diversified group having
numerous resources and extensive know-how.
For more information, visit www.toppangravity.com or contact
info@toppangravity.com
TRADEMARK STATEMENT
IDEX, IDEX Biometrics and the IDEX logo are trademarks owned by
IDEX Biometrics ASA. All other brands or product names are the
property of their respective
holders.
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